Micro enterprise play a significant role in the economic development. They are important to boost the economy from the primary position. Though, micro enterprises are small in size but collectively they represent a huge portion in the economy. They help to improve the quality of life of the people in developing countries and serve the local communities. The study showed that microenterprises are more in number than small and medium enterprises in India. It also found that it provides employment opportunities to numerous people. It helps to raise the standard of living of the people, with no formal education as such. There has been an increase in the number of women entrepreneur to initiate and run a micro enterprise. Thus, microenterprises should be promoted and encouraged for the profitable growth of the developing nations. The government should apply more robust plans, schemes and opportunities for the progress and growth of microenterprises.